St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-12-24
The COMMERCIAL RECORD.
Free Buying Of Wheat Caused in Chi
cagO by Some Talk Of War
in Europe.
However the Prices of Cereals in
General Did not Fluctuate
Much.
Transactions in the Financial Circles
of Wall Street.-The General
Quotations.
Special to the Globe.


CHICAGO. Dec. 23.-The pits were all dull
and dreary on change this morning around
the opening, and for the first hour grain
cables were strong and higher. rejecting the
feeling here at the close yesterday. This
caused higher opening in this market May
wheat starting at S5c and May corn at 54l29
54ssc The local sentiment was bearish.
however, and the scalperS and bears crowded
wheat down TO S4ssc and corn to 54c, with a
light business passing. Receipts OF live hogs
were %, 900 head, and the price 1Oc lower
than yesterday. Speculation in produce was
slow and prices q shade easier. May pork
ranged from $15.57I2 to Sl5.62l2 for the
first hour. May lard sold at So Is and March
ribs at S7.S5. The market was substantially
featurelesS early. As for his views on the
wheat situation, one of the best grain mer-
chants in the country replied: "Decld-
edly improved, both East and West
East because they have had their arrival
and turned up, and West because they nave
had their movement for their crop. There is
abundant reason for believing that so per
cent of the wheat of the Northwest has left
farmers hands, and light receipts at winter
wheat points go far to confirm the idea that
the scourngs of the bins are getting to mar
ket now. A dispatch from New York TO
leading commission house reads: "All
wheat cables here show hardening ten
dency, offerings diminishing in all forms.
The feeling is that with revival of demand
from English millers which is confidently
expected soon after the holidays. will come
sharp improvement in prices" The testl-
mony of majority of well-informed grain
merchants on change is in accord with the
above. Cables to-day were without excep-
ton bullish in tendency, and the feeling
abroad is represented to be strong and
healthy on the merits of the situation. In
none of the cablegrams or letters does the
slightest reference appear of war news or
the influence upon the grain trade of war
talk War has not as yet entered into the
calculation Of the British grain trade. Lo-
cally. the market continued dull to-day. The
selling fever was soon exhausted, and the
tone became stronger as the session ad-
vanced. Offerings were absorbed and when
the speculative selling let up there was little
property pressing for sale. The price ad-
vanced to S47sc. In corn the trade was
without special feature. The crowd got
short early and bought the property back on
an advancing scale later in the day. The
volume of business was light fluctuations
were within ssc range. Provisions frmed
up in sympathy with grain, but there was no
life to the deal, and just before the O'Clock
closing the market became weak and last
prices were at the bottom.
THE ROUTINE REPORT.
CHICAGO, Dec. 23.-European war talk
caused free buying of wheat this morning,
and May opened Ac higher, at Soc, but enor-
nous sales by q local house broke it to s l2c
the first hour. When Liverpool reported
wheat higher it had bullish effect, and the
option went TO S47sc and held firm around
that figure for long time. The trading was
fair. May corn opened unchanged at 54Ac,
but there were sales Immediately after at
543sc. 1t sagged downward with wheat, but
there was nothing like the same amount of
business done in it. Prices did not fluctuate
over a wide range. The first hours move
ment was from 54Sse down to SAC.
May pork opened a trifie easier, at SIS. so.
The market was featureless, and it ranged be-
tween Sl5;62I2 and S15.5T12. Just before
the L o'clock close it broke to $3.50 on heavy
selling. Hft
The leading futures ranged as follows:
Wheat-No. January opened at T7SSc,
closing at T7l2c; February. 1850. closing at
7Sssc, March, 79e. closing at 7S7sc: May,
Der opened at 4St2c. closing at 1850; Janu-
airy, 4Ss4c, closing at 4Sl2c; February, 1880,
closing at 487Sc; May, 54Ac, closing at
53Bc. oats-May., 34e, closing at 334se:
Mess Pork, per bbl-January opened at
SI4.95, closing at S14.8O; May, $3.50. clos
ing at SIS. As. Lard. per 100 lbs-January
opened at S7.77l2, closing at S7.72l2; Feb
ruary, S7.S7I2, closing at $3.50: May,
Ssh, closing at IS. To-. Short Ribs. per
100 lbs-January opened at S7.65, closing
at S7.62I2; February, S7.75, closing at
S772l2; Marcn, S7.s5, closing at s.. S212;
May, ss;o7l2, closing at, at S. a 92l2'
situation unchanged. Wheat-No. 2. spring,
z34c; No: spring, 62@6T75lsc; No; ? red
2, Sic. Rye-No. 2, 62c. Barley-No: ?,
timothy seed, S234@2.35. Mess pork, per
Dbl, S14 75@14-S7I2 Lard, per 100 lbs,
S7.75. Short rib sides Qoose). So. Dry
salted shoulders. boxed, So. 9006. Short
clear sides, boxed, SS.10@S.i5. Whisky
Distillers' finished goods, per gallon, S1.10.
Sugar-Cut loaf. 7s4@SAc; granulated,
z l-5c: standard "a &c. Receipts-Flour,
$4,000 bbIs; wheat, 81, 900 bu; corn, 49,
900 blu; oats. $4,000 blu; rye, 5000 bu;
barley, IL, 900 Blu. Shipments-Flour, o.,
900 bbls; wheat 81 900 bu; corn, 5000
bu; oats, 50 900 bu; rye. 1000 bu; barley,
$4,000 bu. On the produce exchange to-
day the butter market was more stirring;
extra creamery, 2Sl2@30c; fancy dairy. %
~